Lead Story Picture
The Manhattan district attorney claims that former Dewey executives Stephen Davis, Stephen DiCarmine and Joel Sanders were behind a scheme to defraud lenders and investors to gain financing for the firm. (Credit: Law360)

Decision On Dewey Retrial Coming Soon, SEC Says

The Manhattan District Attorney’s office will soon decide whether or not to retry the former top executives of Dewey & LeBoeuf LLP on charges of conning lenders and investors into backing the troubled law firm, the U.S. Securities and Exchange Commission said Wednesday.

  • Fed. Circ. Rules PTAB Wrongly Axed Teleconferencing Patent

    The Patent Trial and Appeal Board used an incorrect claim construction when it invalidated many claims of Straight Path IP Group Inc.'s online communication patent, the Federal Circuit ruled Wednesday in a rare instance of the court faulting the PTAB in an inter partes review.

  • NY Judge Promises Quick Ruling On DraftKings, FanDuel Ban

    A Manhattan trial judge held off Wednesday on New York State Attorney General Eric Schneiderman's bid to have daily fantasy sports giants DraftKings and FanDuel shut down pending the outcome of state lawsuits charging they promote illegal gambling, but said a decision would come "very soon."

  • Columbia House Owners Accused Of Using Biz As 'Piggy Bank'

    Columbia House's corporate parent defended the potential sale of the once-popular music club to an affiliated company called Edge Line Ventures on Tuesday after unsecured creditors filed papers in New York federal court accusing executives of having used the business as a “personal piggy bank” before it fell into bankruptcy.

  • Ex-Goldman Compliance Aide Accused Of Insider Trading

    A former Goldman Sachs compliance staffer who helped the bank develop software to spot insider trading has been accused of the illegal act himself, with the U.S. Securities and Exchange Commission saying he stole confidential information about deals Goldman was working on and then traded on it.

  • Pa. Sen. Committee Recommends Hearing To Oust AG

    A special Pennsylvania Senate committee found Wednesday that there was sufficient basis to move forward with proceedings to weigh removal of the state’s embattled attorney general from office after her law license was suspended in the wake of criminal charges.

  • 'Stressed Out' Juror Wants Out Of Sheldon Silver Graft Trial

    A juror in the corruption trial of former New York State Assembly Speaker Sheldon Silver asked to be excused from the panel shortly after deliberations began Tuesday, citing her discomfort and stress stemming from her "different opinion/view" of the case.